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Dec 20, 2012
12/12
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a storm moving ashore in the pacific northwest and november california is creating heavy mountain snow and coastal flash flooding. hmm. that was almost not the word i said there. >>> "cbs moneywatch" on your thursday. a gm buyback and big bargains for last-minute bargain shoppers. save me, ashley. >> was a slippery slope there. good morning to you. it triggered profit taking. tokyo's nikkei dropped 1%, while hong kong's hang seng added a fraction. >>> hope turning to frustration over congress's ability to avoid a fiscal cliff sent a chill down wall street. the dow dropped nearly 99 points while the nasdaq shed 10 points. >> the u.s. government is selling its stake in the automobile maker that taxpayers bailed out four years ago. gm is buying back 200 million shares from the government. they'll unload the rest of its shares by 2014. the government's $50 billion bailout saved general motors from collapse, however, uncle sam stands to lose billions of dollars. >>> and expect big discounts as the days wind down to christmas. many stores offered free shipping and free lay away unlike last y
a storm moving ashore in the pacific northwest and november california is creating heavy mountain snow and coastal flash flooding. hmm. that was almost not the word i said there. >>> "cbs moneywatch" on your thursday. a gm buyback and big bargains for last-minute bargain shoppers. save me, ashley. >> was a slippery slope there. good morning to you. it triggered profit taking. tokyo's nikkei dropped 1%, while hong kong's hang seng added a fraction. >>> hope...
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Dec 26, 2012
12/12
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KPIX
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eye 195
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in the past decade. $1.3 billion in california companies. a record $560 million in just the past year. the chinese are also boosting the golden faith housing recovery. they've bought one out of every ten homes sold in the past year. >> compared to the high-end housing, like, in beijing, this is nothing. >> reporter: dee mung is a student at the university of california. his parents bought him this nearly $1 million condo at the ritz carlton. they thought renting a dorm room was a waste of money. >> my parents decided to buy me a house as an investment outside china. >> reporter: jim jacobson has sold 22% of the residences at the ritz to affluent chinese. >> basically, they don't have a place to put their money. they look as their own economy as a place that's not very stable. the housing market is not very stable there either. >> reporter: this housing complex in irvine, california, is being built for chinese buyers. separate wok cooking rooms, no unlucky 4's in the addresses and multi-entrances for multi-generational living. scott meadows s
in the past decade. $1.3 billion in california companies. a record $560 million in just the past year. the chinese are also boosting the golden faith housing recovery. they've bought one out of every ten homes sold in the past year. >> compared to the high-end housing, like, in beijing, this is nothing. >> reporter: dee mung is a student at the university of california. his parents bought him this nearly $1 million condo at the ritz carlton. they thought renting a dorm room was a...
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Dec 17, 2012
12/12
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KPIX
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critics say over the years even california's assault weapons ban lost a lot of its teeth, and besides, there have been other school shootings with other kinds of guns. the most recent, just last april at a small christian university in oakland. in a state that once led the nation on gun control, residents are once again scratching their heads. >> you can't just say you're going to ban guns because that genie is out of the bottle. >> i wish i had an answer. i know something has to change because this can't go on like this. >> reporter: what is going on are the rituals of grief. sadly those haven't changed much either. lee cowan, cbs news, los angeles. >>> and coming up after your local news on "cbs this morning," the latest on the investigation into the tragedy in newtown. i'm terrell brown. this is the "cbs morning news." newtown. i'm terrell brown. this is the "cbs morning news." it was like a red rash... very sore looking kinda blistery. like somebody had set a bag of hot charcoal on my neck. i was a firefighter for 24 years. but, i have never encountered such a burning sensation un
critics say over the years even california's assault weapons ban lost a lot of its teeth, and besides, there have been other school shootings with other kinds of guns. the most recent, just last april at a small christian university in oakland. in a state that once led the nation on gun control, residents are once again scratching their heads. >> you can't just say you're going to ban guns because that genie is out of the bottle. >> i wish i had an answer. i know something has to...
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Dec 28, 2012
12/12
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KPIX
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. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that has dad sean rasmussen worried. >> they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation government prices revert back to 1939 levels. back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk would be far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> well, here's the problem for dairy farmers. they don't want chaos in the milk market. it sounds good. gee, everybody will double or triple the price, but who's going to buy it? >> caller: nobody will buy it. >> nobody will buy it. >> reporter: shoppers couldn't understand why congress couldn't solve this probl
. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that has dad sean rasmussen worried. >> they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation government prices revert back to 1939 levels. back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new...
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Dec 31, 2012
12/12
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WUSA
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. >>> in southern california a day on the lake turned into a frozen rescue effort. all of it was caught on tape. >> reporter: it was a rare christmas experience in the mountains above los angeles. fresh snow and ice for people who rarely see it. so despite the warning signs -- >> look at that big crack. is that a zbik crack next to him right there? >> reporter: few seemed concerned until -- >> we saw his arms flailing. someone said he can't swim. then it just turned into panic. >> reporter: michelle and mickey herman were there with a camera. at first all they could do was watch in horror as a man who rushed to help fell through the ice, then another. six would-be rescuers were now in the icy waters. >> it was hard to watch, it really was. we saw that guy go under three times and the third time we didn't think he was coming back up. >> call 911 right now. >> reporter: the victims clamored for inner tubes to stay afloat. from the shore onlookers including hermans tried to toss a lifeline. after several failed attempts everyone made it to safety. the man who fell firs
. >>> in southern california a day on the lake turned into a frozen rescue effort. all of it was caught on tape. >> reporter: it was a rare christmas experience in the mountains above los angeles. fresh snow and ice for people who rarely see it. so despite the warning signs -- >> look at that big crack. is that a zbik crack next to him right there? >> reporter: few seemed concerned until -- >> we saw his arms flailing. someone said he can't swim. then it just...
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Dec 21, 2012
12/12
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only place that looks stormy, the pacific northwest, it still looks rainy from seattle into northern california, and the higher elevation, they're likely going to kolkts to see quite a bit of rain. otherwise, no major cold outbreaks coming for the foreseeable future. i'm david bernard, cbs news, miami. >>> to the fiscal storm now in washington that's gone from bad to worse. the fiscal cliff negotiations were dealt another setback when a political gamble by speaker john boehner blew up in his face. last night boehner was forced to scrap a plan to raise taxes on the wealthiest americans when members of his own party turned it down. after the vote was canceled, republican house members left the meeting where they were told to go home for the holiday. the white house says it will continue to bargain, but the dramatic turn of events leaves boehner's leadership in doubt and the budget negotiations up in the air. danielle nottingham with more now from washington. >> reporter: lawmakers were set to plan on house speaker boehner's plan b, but the motion was scrapped when the voting fell short. the speak
only place that looks stormy, the pacific northwest, it still looks rainy from seattle into northern california, and the higher elevation, they're likely going to kolkts to see quite a bit of rain. otherwise, no major cold outbreaks coming for the foreseeable future. i'm david bernard, cbs news, miami. >>> to the fiscal storm now in washington that's gone from bad to worse. the fiscal cliff negotiations were dealt another setback when a political gamble by speaker john boehner blew up...